INREV appoints its first CEO, launches website and moves into own office

INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has announced the appointment of Judy Hill as its first Chief Executive. The appointment follows INREVÃ¢â¬â¢s rapid growth since its formal launch in May this year, and reflects INREVÃ¢â¬â¢s commitment to improving liquidity in the non-listed real estate vehicle market.

Commenting on her appointment, Judy Hill said: Ã¢â¬ÅI am delighted to be joining INREV, a truly pan-European organisation. INREVÃ¢â¬â¢s members have already demonstrated their commitment to the association: now itÃ¢â¬â¢s time to start rewarding their good faith by delivering on our objectives.Ã¢â¬Â

Michiel Olland, Chairman of INREV, and Executive Vice President European and Asian Real Estate ABP Investments, one of the worldÃ¢â¬â¢s largest pension funds, said: Ã¢â¬ÅINREVÃ¢â¬â¢s growth to date has exceeded my expectations. JudyÃ¢â¬â¢s appointment means we can continue to build on our excellent start.Ã¢â¬Â

Judy Hill will be based mostly at INREVÃ¢â¬â¢s Amsterdam office. Until recently she consulted for Oxford Property Consultants (OPC) in the UK; before that she was head of research and business development at Chartwell Land, the property arm of European retailer Kingfisher plc.

INREV website goes live
INREVÃ¢â¬â¢s website went live this week, at www.inrev.org. The website includes a members only area, with the INREV database of unlisted real estate vehicles. Currently the database covers nearly 200 vehicles; the target for next Spring is around 400. The data is drawn from the Property Vehicles Database, a joint venture between Oxford Property Consultants and Investment Property Databank.

INREV moves to new office
INREV has moved into its own office, in the WTC (World Trade Center) in Amsterdam; previously EPRA (the European Public Real Estate Association) provided office space for the association. Van Dijk & Ten Cate advised INREV in its office search and lease.